So GBG seems so be the token of the russian Steemit, altough I don't know how they are connected to eachother and what part the normal Golos token has in all of that, but let's look at the chart.
So GBG had a really spiky past. This was the major reason why I initially bought into it, especially because the spikes were significant % gains each time and repeating in a very small timeframe. But Gbg also looks to be creating a soft bottom at support area atm. This combined with somewhat of a grindline and somewhat of a trendline broken, actually makes this as a reasonable early entry.
Early entry? Why is that?
The reason why it is an early entry for me, is that usually there is a break of local support areas around 1 or 2 times or until it reaches closer to harsupport. Making me a little cautious, but nonetheless, this is a good setup in a traditional view, but from my own analysis over the past weeks, i know that a break of support is still likely, which however would make me even more bullish in fact.
Also as a comparison you can also look at the Lomocoin chart, which basically has behaved almost identical to GBG, only difference, it just went 10x in the past days. Also Lomocoin also broke support once and only reversed when it touched hardsupport.
I already put a significant portion into GBG and will probably look to put in more, if it breaks support and creates a new local soft bottom.